The Iron Sheik isn't just a WWE legend ... he's also a veteran Olympic wrestler ... and he's so pissed that his sport is getting booted from the Games ... he's now threatening violence.

As we previously reported, the International Olympic Committee has moved to drop wrestling from the 2020 games ... in favor of other sports like field hockey. Seriously.

Now, Sheik -- who competed for Iran in the 1968 Olympics and then became an asst. coach for Team USA in the '70s -- tells TMZ (in his trademark broken English) he's looking to take matters into his own hands.

"After 1000 years they take away the best sport in the world? This is the first time the dumb motherf**kers have no balls for they make the walking an Olympic sport."

He adds, "If I see anybody on the street that work from the IOC I swear to the Jesus I suplex them put them in camel clutch break their back make them humble."

"The #TEAMSHEIKIE respect the Olympic now they can all go f**k themselves and make the Curling Olympic sport because they all the biggest piece of no good s**t and I never watch the Olympic again. Also buy my t shirt [on my website] or go f**k yourself.”

One of the world's oldest sports may have lost its grip in the Olympic Games. The Executive Board of the International Olympic Committee announced Tuesday that it has recommended dropping wrestling from the Summer Games beginning in 2020.

"Wrestling will now join the seven shortlisted sports -- baseball/softball, karate, roller sports, sport climbing, squash, wakeboarding and wushu -- vying for inclusion in the 2020 Olympic program as an additional sport," the IOC said in a statement. The governing body for the sport in the United States was so appalled at the decision, it started a Facebook page, "Keep Wrestling in the Olympics."

In a statement, USA Wrestling Chief Executive Officer Scott Blackmun said, "It is important to remember that today's action is a recommendation, and we hope that there will be a meaningful opportunity to discuss the important role that wrestling plays in the sports landscape both in the United States and around the world."

At a meeting in Russia in May, representatives from the eight sports will make presentations for inclusion in the 2020 Games. The Executive Board will recommend one. The final word will come in a vote at the IOC's general session in Argentina in September.

Itäs not wrestling fault.It's the new stupid rules with makes it extremly boring to watch. You shouldn't reward passiveness and thena short burst of action. Change them and start a new federation to get rid of allt he corruption and wrestling will be popular again.First Ara gets screwed twice. Then Lidberg gets screwed.

I guess a lot of awesome wrestlers will look into mma now.

i won over jimmy lidberg when i met him in gävle when i was 15 or so. he was coxky as hell before the match and angry as fuck after.